LATEST: Vietnam Launches Five-Year Pilot Program To Regulate Crypto Trading Market

Vietnam’s government has approved a five-year pilot for cryptocurrency asset trading, signaling a major step toward regulating the booming digital asset market. The initiative will allow only Vietnamese companies to operate exchanges, with all transactions conducted in Vietnam dong. Issuance of crypto assets will be restricted to local firms, offered exclusively to foreign investors.

To qualify, potential exchange providers must hold at least 10 trillion dong ($379 million) in capital, with 65% contributed by institutional investors. Foreign ownership is capped at 49%. Vietnamese investors already holding crypto can continue trading, but after a six-month grace period following the first license, activity on unlicensed platforms will become illegal.

This policy marks a significant shift for a country that ranks among the top five globally for crypto adoption, with over 17 million holders. While Bitcoin and other cryptocurrencies remain outside legal tender, Vietnam is positioning blockchain and digital assets as key pillars of future economic growth.

Bloomberg

Gachapon on the blockchain is already a hundred-million dollar market

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In his work on the pre-800 AD Classic Maya economy, the historian Philip Curtin recounts a striking finding: Archaeologists measured the ratio of cutting length to weight in obsidian blades and discovered that the ratio varied inversely with distance from obsidian sources. 

The economist Deirdre McCloskey cites this as evidence that the human impulse toward exchange and profit-seeking gain has always existed.

“If Mayans lived in a gainless, profitless, nonmarket economy, it would not matter to them how expensive obsidian was. But…the ratio varied inversely with the distance from the…

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Nasdaq lines up $50M investment in Gemini IPO

Nasdaq will invest $50 million in Gemini’s initial public offering, aligning the two firms ahead of the crypto exchange’s planned debut under the ticker GEMI, according to reports from Reuters and Bloomberg.

Founded by Cameron and Tyler Winklevoss, Gemini aims to raise up to $317 million in its listing at a target valuation of $2.2 billion, with Goldman Sachs and Citigroup acting as lead underwriters. The IPO would make Gemini the third publicly traded US crypto exchange, following Coinbase, which earlier this year joined the S&P 500, and Bullish.

The deal is structured as a private placement that extends beyond financing. Nasdaq’s clients will gain access to Gemini’s…

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Why The Democrats’ Latest Framework For Crypto Market Structure Could Hurt Financial Privacy

This morning, 12 Senate Democrats published a six-page framework for digital asset market structure legislation in which they outlined their plan to combat illicit finance while protecting users’ financial privacy.

The group of Democrats, which included Senate Banking ranking member Ruben Gallego (AZ), Kirsten Gillibrand (NY), and Catherine Cortez Masto (NV), stated in the first page of the document that digital assets legislation should be guided by certain values, include “protecting financial privacy while denying bad actors access to the financial system.”

In the fifth section of the framework, they outlined what this looks like.

The outline included the following…

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LATEST: CBOE To Launch Continuous Bitcoin And Ethereum Futures On November 10

Cboe Global Markets has revealed plans to launch Bitcoin and Ether Continuous futures on its Cboe Futures Exchange starting November 10, 2025, pending regulatory approval. The move marks a major step toward expanding access to digital asset derivatives in a regulated U.S. market.

Unlike traditional futures, these contracts will feature a 10-year expiration, eliminating the need for frequent rollovers. They will be cash-settled and tied to real-time spot prices through transparent daily adjustments. This structure is designed to simplify position management while offering traders a more efficient way to gain long-term crypto exposure.

Catherine Clay, Global Head of Derivatives at Cboe, emphasized that perpetual-style futures have been widely adopted overseas, and now U.S. traders will have access within a trusted, centrally cleared framework. The launch underscores Cboe’s strategy to grow its product suite beyond VIX futures, strengthening its role in shaping the future of crypto derivatives trading.

Source

Cboe, World’s Leading Derivatives Exchange, To Launch Continuous Bitcoin Futures For U.S.-Regulated Market

Cboe Global Markets, Inc. (Cboe: CBOE), the world’s leading derivatives and securities exchange network, announced plans to launch Cboe Continuous futures for bitcoin and ether beginning November 10, 2025, pending regulatory review. The new product marks a major expansion of Cboe’s digital asset roadmap, introducing a U.S.-regulated alternative to perpetual-style futures widely traded in offshore markets.

The launch will take place on Cboe Futures Exchange (CFE) and is designed to give traders long-term, simplified access to bitcoin and ether price exposure in a centrally cleared environment.

Unlike traditional futures contracts, which typically expire on a quarterly…

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The most important Ethereum developers are the most underpaid

A new compensation report from the Protocol Guild paints a clear picture of the tradeoffs Ethereum core developers face: Many are underpaid in fiat terms and receive no upside exposure to tokens, yet continue to maintain Ethereum’s most critical infrastructure. 

For this cohort, Protocol Guild (PG) has become the sole source of “equity-like” compensation, filling a structural void that traditional employers can’t — or won’t — bridge.

The numbers are striking. The median Ethereum core developer earns $140,000 in fiat compensation from their employer, while the median external offer stands at $300,000, creating a 114% gap. PG distributions, which are streamed via a…

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Plasma builds out senior team ahead of mainnet: Exclusive

Plasma, a forthcoming layer-1 blockchain built for stablecoins, has made three new senior hires, Blockworks has learned exclusively.

The startup brought in Murat Firart as head of product, Adam Jacobs as head of global payments, and Usmann Khan as head of protocol security. These senior level hires come shortly after the Peter Thiel-backed project held a blockbuster token sale that netted some $373 million in commitments. 

Plasma is yet to publicly announce a date for its mainnet launch.

Plasma will be purpose-built for stablecoins, which according to its public documentation means over 1,000 transactions per second, zero-fee USDT transfers, custom gas tokens, and confidential…

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Bitcoin Has A 25% Chance To Hit $140,000 By Year-End, Analysts Say

The cryptocurrency market is in a state of fragile equilibrium, with Bitcoin BTC/USD trading around the $112,500 level.

This stabilization is being closely monitored by analysts, who see it as a critical juncture that will determine if the market can transition from its current holding pattern to a potential fourth-quarter rally.

What Happened: While historical data points to a bullish seasonal trend, near-term risks, primarily tied to U.S. macroeconomic policy, could define the market’s trajectory through the end of September.

According to a Glassnode report, the past week saw a fragile recovery in momentum, with reduced sell pressure and a modest pickup in on-chain participation.

Benzinga

Onramp Institutional | Suit that Meets Fiduciary Standards

DALLAS — Sept. 5, 2025 – Onramp Bitcoin has launched Onramp Institutional, an advisory-led program built to help investment committees, boards, CIOs and treasurers evaluate, structure, and govern Bitcoin exposure with audit-ready controls—less pitch deck, more process.

Instead of steering allocators toward a single type of product/vehicle, the workflow begins with Onramp Advisory—a committee-grade briefing and decision framework—that routes clients into the access path that best fits their mandate: direct custody via a Multi-Institution Custody (MIC) vault, a U.S. statutory trust (Wyoming), or an international Cayman fund.

The custody spine is MIC:…

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